XOX unveils plan to cut accumulated losses of RM50m

PEPALING JAYA: XOX Bhd has announced several proposals to reduce its accumulated losses amounting to RM50.05mil as at end-June.

The mobile virtual network operator, which has a market cap of RM33.2mil, told Bursa Malaysia that it was proposing to reduce up to RM32.73mil from its share premium account.